(1) The provisions of this Part shall apply to any proceeding by a creditor alleging fraud or a cause of action founded in fraud against a settlor, an international trust or an entity owned by an international trust, or against any person who shall settle property upon, dispose of property to, or establish an international trust on behalf of a settlor, to the exclusion of any other remedy, principle or any rule of law whether provided for by an enactment or founded in equity or common law.